Bitcoin and Altcoins Soar as Senate Edges Closer to Ending the US Government Shutdown

Highlights:

• Bitcoin and altcoins soar as the Senate nears agreement to end the US government shutdown.
• Republicans and Democrats also reached funding agreements that will boost major US departments and aid the US economy’s revival.
• Senate Majority Leader John Thune and members of the Senate Democratic Caucus led the bipartisan talks for the deal agreement.

According to POLITICO, the US Senate voted 60 to 40 on Sunday night to advance a plan that could end the historic government shutdown later this week. The vote shows that Republicans and Democrats finally reached an agreement after 40 days of political deadlock. While the vote has not ended the shutdown, it clears the path for the final funding agreement that could be approved later this week.

Shortly before the vote, Senate Majority Leader John Thune stated:

“After 40 long days, I’m hopeful we can bring this shutdown to an end.”

The US government shutdown has persisted for over a month, resulting in serious economic challenges. For instance, it negatively impacted the Supplemental Nutrition Assistance Program (SNAP) food aid distribution, benefitting over 40 million Americans. It also caused the cancellation of thousands of flights because unpaid air traffic controllers reached their limits. The crypto market also experienced declines, with Bitcoin (BTC) dropping to as low as $99,300 while Ethereum (ETH) declined to $3,100.

According to POLITICO, the U.S. Senate has reached a bipartisan deal to end the seven-week federal government shutdown. Under the agreement, at least eight Democrats will vote “yes” on procedural motions to advance the funding bill, allowing the government to reopen as soon as…

— Wu Blockchain (@WuBlockchain) November 10, 2025

Bipartisan Deal Funds Key Agencies

The deal fully funds Agriculture, the FDA, Veterans Affairs, and military construction through the end of the fiscal year. It will also fund other agencies’ operations until January 30, 2026, through a short-term measure. Additionally, laid-off federal workers will be rehired and receive full back pay.

All agencies must also report any layoffs or unpaid wages to Congress. Meanwhile, the democrats secured a commitment that will see the Senate hold a December vote on a bill to extend Obamacare tax credits set to expire at the end of this year.  Senate Majority Leader John Thune and members of the Senate Democratic Caucus, including Angus King, Jeanne Shaheen, and Maggie Hassan, led the bipartisan talks. Top Republicans, including Susan Collins, the chair of the Appropriations Committee, also supported the motion.

The US President Donald Trump was also involved in private discussions to advance the agreement. Before the voting, the US president hinted that the shutdown would end soon. “It looks like we’re getting close to the shutdown ending. You’ll know very soon,” he stated.

Despite reaching an agreement, the Senate still needs a final vote to approve the funding bill. If such happens soon, the House of Representatives could also vote by the end of the week. The potential reopening has reignited hope and enthusiasm among cryptocurrency traders, depending heavily on US economic stability.

.@POTUS: "It looks like we're getting close to the shutdown ending. You'll know very soon." pic.twitter.com/Qp2qR1DeaF

— Rapid Response 47 (@RapidResponse47) November 10, 2025

Bitcoin and Altcoins Soar as US Ruling Parties Reach New Funding Agreement

At the time of writing, the crypto market is 4.1% up in the past 24 hours with a net valuation of $3.67 trillion. Within the same timeframe, BTC also surged 4.5%, trading at approximately $106,317 with a market cap of $2.122 trillion. It has a dominance of 57.7% with a 24-hour trading volume of $68.17 billion.

Similarly, Ethereum is up 5.8% in the past 24 hours, trading at $3,615, with a market cap of $436.45 billion and a trading volume of $30.34 billion. Other altcoins also recorded significant jumps in the past 24 hours. For example, XRP appreciated by 8%, while Solana (SOL) surged 5.1%.